The European Turnover Index of Motor Vehicle Parts Retail indicates varied performance across countries, with Bulgaria (18.04) and Romania (16.32) leading, based on data adjusted to thousands, using 2015 as a baseline. In 2023, countries like Sweden (14.81) and France (13.92) showed significant growth figures compared to others such as Italy (12.29) and Norway (12.71). The variations highlight Bulgaria and Romania's brisk growth in the sector, with the year 2022 showing substantial increases of 12.44% and 8.31% respectively. Notably, Germany and Italy, with 3.77% and 3.4% respectively, had more modest expansions.
Future trends to watch in the European market might include:
- Technological advancements influencing market demand across these regions.
- Regulatory changes affecting supply chain logistics and pricing strategies.
- Consumer behavior shifts towards sustainability affecting part replacement rates.
- Economic fluctuations post-2023 possibly affecting automotive sales and parts needs.
Top countries in Turnover Index of Motor Vehicle Parts Retail by Country
| # | 8 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Bulgaria | 180.4 | 2022 | +16.92% | +12.44% | View data |
| 2 | 2 Romania | 163.2 | 2022 | +11.32% | +8.31% | View data |
| 3 | 3 Sweden | 148.1 | 2022 | +6.62% | +4.97% | View data |
| 4 | 4 France | 139.2 | 2022 | +9.18% | +4.24% | View data |
| 5 | 5 Czech Republic | 137.1 | 2022 | +9.59% | +5.07% | View data |
| 6 | 6 Germany | 134.5 | 2022 | +7.95% | +3.77% | View data |
| 7 | 7 Norway | 127.1 | 2022 | +5.04% | +5.68% | View data |
| 8 | 8 Italy | 122.9 | 2022 | +10.62% | +3.4% | View data |
